frsbog_mim_v55_index.pdf

55

INDEX TO MIMEOGRAPH LETTERS, JULY - DECEMBER, 1941

Addresses of FRBanks and branches:

Pittsburgh Branch, change in R-899

Revised list of ' R-889

Affiliates:

Condition reports: (See Condition reports)

Loans by member banks to, limitations and conditions where debt was contracted prior to creation of relationship 8-385

Agricultural loans, exempt from provisions of section 6(k) of Regulation W, correspondence on R-925

Assessments:

FRBanks to cover expenses of Board for first six months of 1942 R-937

Assignment of Claims Act of 1940:

Insurance agency owner not engaged in business of financing, not a "financing institution" within R-897

Attorney General of United States:

State or administrative action helpful to national defense effort, advice as to need for R-905

Audits:

FRnotes, faces and backs on hand at Bureau of Engraving and Printing as of June 30, 1941 R-861

Bank debits:

Discussion at conference of representatives of FRBanks* research and statistical divisions, draft of letter and forms sent to FRBanks B-1266

Bank relations reports:

Continuance of, views on value of requested of FRBanks R-901

Page

143

109

354

204

228

137

152

30

4 U

145

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

55

- 2 -

Pa%e

Bank relations reports: (Continued)

Monthly summary for:

June R-857 12

July R-B71 54

August R-893 116

To be discontinued S-390 361

Board of Governors:

Agreements with nonmember banks under Securities Exchange Act of 1934:

Changes in list R-862 33

R-877 76

R-900 144

R-924 203

Annual report, data requested from FRBanks B-1264 412

Assessment on FRBanks to cover expenses of Board for first six months of 1942 R-937 228

Fiscal Agency and allied matters of FRBanks, taken up with Treasury, advice of requested S-400 372

Members:

Eccles, M. S., Chairman:

Instalment credit regulation, press statement on R-875 70

Price control bill, statement before House Banking and Currency Committee R-895 128

Offices to be closed on:

Labor Day R-867 46


55

-3-

Board of Governors: (Continued)

Offices to be closed on: (Continued)

Armistice Day R-911 175

Christmas Day R-920 199

New Year's Day R-934 222

Branch banks, ERSystem:

Addresses, revised list of, copies sent to ERBanks R-889 109

Budget, copy for 1942, requested by Board B-1263 408

Pittsburgh, address, change of R-899 143

Salaries, officers, data requested S-312 292

Budgets, ERBanks:

Copy for Banks and branches for 1942, requested by Board B-1263 408

Examination function for 1942, form for submitting B-1263c 411

Statistical and analytical for 1942, form for sub-mitting B-1263b 410

Business and financial conditions, summary for:

June and first half of July R-859 24

July and first half of August R-868 47

August and first half of September R-885 95

September and first half of October R-907 157

October and first half of November R-917 193

November and first half of December R-938 230

Central Bank for Cooperatives:

Class C director of FRBank may serve also as director of S-307 287


55

-4-

P&KG

Chart books:

Federal Reserve Chart Book, price of, copies sent ERBanks ' R-9U 179

Circulars:

Collection of U. S. Postal money orders, to be sent to member and nonmember clearing banks R-884 92

Clearing and collection:

Par List, revision of, comments of ERBanks requested B-1268 419

Committees:

Handling of U. S. Postal Money Orders report, recom-mendations and suggested circular letter, approved.by Board 8-392 363

House Banking and Currency, statement of Chairman Eccles re Price Control Bill before R-895 128

Insurance, plan for discontinuance of insurance against losses and absorption of losses by ERBanks, copies sent to ERBanks R-878 77

Presidents' Conference:

Handling of U. S. Postal Money Orders, second report, copy sent to ERBanks R-884 85

Report, recommendations, and suggested circular letter of Committee on Handling of TJ. S. Postal Money Orders approved 8-392 363

Comptroller General of United States:

Insurance agency not recognized as financing institu-tion under Assignment of Claims Act of 1940 R-897 137

Condition reports:

Holding company affiliates, supply of Form F. R. 437 for obtaining as of Dec. 31, 1941 R-930 213


55

-5-

Condition reports: (Continued)

State member bynks and affiliates:

Forms for next call R-8S6 99

Forms for next call forwarded 8-403 384

Conferences:

Fiscal Agency, at Atlanta, suggestions and comments on topics, to be sent to Treasury, copies of all letters and memoranda to be sent to Board S-400 372

Presidents':

Credit information, furnishing by FRBanks, policy approved by Board S-277 249

Postal money orders, report and recommendations of Committee on handling, accepted and approved 8-392 3&3

Second report of Committee on Handling of U. S. Postal Money Orders, copy sent to FRBanks R-884 85

Topics for discussion, insurance to be absorbed by FRBanks under contractual agreements, plan to be considered R-878 77

Regulation W, review of topics discussed at R-919 197

Representatives of FRBanks' research and statistical divisions:

Topics for discussion, bank debits, draft of letter and forms sent to FRBanks B-1266 414

Consumer Credit:

Meeting with representatives of FRBanks in connection with regulation of R-865 39

Meeting with representatives of various banking and credit groups which extend instalment credit to public, press statement on R-866 41


55

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Page

Consumer Credit: (Continued)

President's Order empowering Board to regulate, statement of Chairman Eccles R-863 34

Regulation on, Mr. Kenton R. Cravens engaged to assist in preparation of R-864 38

Regulation W, press statement on adoption of R-872 65

Regulation on, statement of Mr. Eccles on reasons for issuing R-875 70

Cooking stoves and ranges, decision on heating surfaces 5-283 260

Counsel, ERBanks:

General policy of Board, full-time general counsel to be ultimate objective S-399 371

Cravens, Kenton R., Vice President of Cleveland Trust Company, engaged to assist in prepara-tion of regulation on consumer credit R-864 38

Credit:

Availability of, at FRBanks, report to be made on in-quiries received from Defense Contract Service R-874 68

Information, action of Presidents' Conference on policy as to furnishing S-277 249

Defense bonds:

Time or savings deposits, withdrawal before maturity for purchase of, not permitted under Reg-ulation Q, S-408 392

Defense contract officers at FRBanks, reports to be sub-mitted quarterly instead of monthly S-384 353

Defense Contract Service:

Credit in FRBanks, inquiries on availability of, statement for July and August requested by Board R-874 68


55

-7-

Defense contracts:

Industrial concerns, confidential information to War and Navy Departments, to be continued, correspondence between Mr. Nelson and Mr. Draper R-910 172

Defense Housing:

Forms and aeiaoranduia of procedure for use in designa-tion of, revised copies sent to FRBanks R-913 178

Exempt from provisions of Regulation W R-879 7#

Defense loans, figures and commitments of member banks as of April 30, 1941 R-855 7

Defense program:

Legislation for, advice as to need for requested by Attorney General R-905 152

Defense Savings Bond Program:

Contacts of FRBanks with State organizations, steps to establish and maintain 8-296 275

Monthly reports of ERBank liaison officers:

Summary sent to FRBanks R-3S8 102

Summary of September 1941 reports sent to ERBanks R-909 164

Pay roll deduction plan of FRBanks for purchase of securities, quarterly report requested S-372 339

Department store inventories, press statement on results of survey R-935 223

Deposits:

Demand:

Percentage ratio of, including and excluding inter-bank deposits on June 30, 1941 tc June 30, 1938, requested for each member bank R-830 79


55

- 8 -

Deposits: (Continued)

Demand: (Continued)

Requirements for member banks, increased to statu-tory limit R-890 111

State member banks, during 1940 and first half of 1941 R-857 12

Time, requirements for member banks, increased to statutory limit R-890 111

Time or savings, withdrawal before maturity for pur-chase of Defense Bonds, not permitted under Regulation Q, S-408 392

Destruction of records, copy of H. R. 709 and report form sent to ERBanka R-853 1

Directors:

ERBaaks:

Chairmen and deputy chairmen, appointments for 1942 R-941 238

Class C:

Appointment for terms specified R-941 238

Director may serve also as director of Central Bank for Cooperatives S-30? 287

Deputy chairmen, appointments for 1942 R-941 238

Titles and business affiliations, to be reviewed to prevent errors in February ERBulletin R-926 20?

FRBranch banks:

Appointments for terms beginning Jan. 1, 1942 R-941 239

Division of Contract Distribution:

Correspondence on removal of offices from buildings of IBBasks R-898 140

FRBank employees transferred to, reemployment by FRBanks R-908 l6l


55

-9-

Division of Contract Distribution: (Continued)

FRBank Officers to advise with field officers of R-902 14b

Payment of salaries and other expenses of field of-fices, arrangements to be made for, request of Board R-903 143

Space in FRBanks and expenses to be paid by FRBanks on reimbursable basis R-908 162

Division of Defense Housing Coordination, applications for defense housing to be submitted to local representatives R-913 178

Earnings and dividends, of State member banks, form F. R. 107b,forwarded to FRBanks R-922 201

Electric Home and Farm Authority:

Maximum credit value, interpretation of term in Regu-lation W 3-376 342

Employees of FRBanks being employed by Government agencies without first having been taken up with FRBanks R-834 5

Executive officers:

Officer serving also as director and member of discount committee is so considered regardless of resolution of directors that he can not participate in operating management S-353 327

Executive orders:

Consumer credit, empowering Board to regulate, state-ment of Mr. Eccles on R -863 34

Expenses:

Division of Contract Distribution, salaries and other expenses, payment to be on reimbursable basis R-903 148


55

-lo -

Farm Security Administration1

Agricultural loans exempt from provisions of section 6(k) of Regulation W R-925 204

Federal Home Loan Banks!

Applicability of Regulation W to 8-402 374

Federal Housing Administration:

Credit information to be furnished by FRBanks to S-277 249

ERAct:

Section 23A, affiliate relationship through acquisition of stock as protection against loans, within exemptive provision S-385 354

FRAgents:

Appointments for 1942 R-941 238

ERBank of St. Louis:

Staff:

Davis, Chester C., President, participation in radio program re Regulation W R-881 82

FRBanks:

Addresses of, list of R-889 109

Assessments to cover expenses of Board for first six months of 1942 R-937 228

Bank relations reports;

Continuance of, views on value requested of FRBanks R-901 145


June R-857 12

July R-871 54


116

361

408

238

68

249

371

275

5

210

161

353

372

418

83

55

-1.1-

FRBanks: (Continued)

Bank relations reports: (Continued)

Monthly summary for: (Continued)

August R-893

To be discontinued 8-390

Budget, copy for 1942, requested by Board B-1263

Chairmen and deputy chairmen appointed for 1942 P.-941

Credit, inquiries on availability of, statement for July and August requested by Board R-874

Credit information, furnishing of, policy re 8-277

Counsel, full-time general counsel to be ultimate objective as general policy 8-399

Defense Savings Bond Program, advice as to contact with State organizations requested 8-296

Employees:

Employment of by Government agencies, to be dis-cussed first with FRBanks R-854

Transfer to OEM payroll, procedure outlined R-929

Transferred to Division of Contract Distribution, reemployment of R-908

Federal Reserve Defense Contract, report of officers to be submitted on quarterly basis instead of monthly 8-384

Fiscal Agency and allied matters taken up with Treasury, advice of requested by Board 8-400

Fiscal agency employees, supplemental compensation, procedure for payment B-1267

Functional expense reports:

Exhibit for first half of 1941 R-882


55

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Page

ERBariks: (Continued)

Functional expense reports: (Continued)

Manual of instructions governing preparation:

Copies of revised pages to be sent to ERBanks R-373 6?

Revised pages for R-942 241

Holidays: (See Holidays)

Officers and employees exempt from tax on transpor-tation when traveling on official business R-918 196

Pay roll deduction plan for purchase of Defense Sav-ings securities, quarterly report requested 8-372 339

Retirement system, resolution re status of employees leaving service to be employed by Govern-ment agency or department, copy Bent ERBanks

Salaries:

Officers, data re requested

Officers and employees, summary statement showing

Ship repair and building yards, financial condition and reputation of, confidential informa-tion re to be made available to Naval officials

Staff:

Officers and employees, summary statement show-ing number and salaries

Reemployment of persons retired after reaching age 65, to be only during periods of emergency and for short periods

Supplemental compensation, payment authorized

Transportation tax, directors, officers, and employ-ees exempt when on official business

8-274 242

S-312 292

R-940 236

S-276 246

R-940 236

S-275 244

B-1261 406

S-411 397


55

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FRBanks: (Continued)

Vouchers for expenditures for Contract Distribution Division to be paid when submitted and reimbursement in usual way R-933 221

FRBulletin:

Directors, titles and business affiliations of, list to be corrected for February issue R-926 207

FRnotes, audit of faces and backs on hand at Bureau of Engraving and Printing as of June 30, 1941 R-861 30

Federal Savings and Loan Associations, applicability of Regulation W to 8-402 374

Federal Savings and Loan Insurance Corporation, appli-cability of Regulation W to 8-402 374

Financial position of country, press statement of Board on R-927 208

Fiscal agency matters taken up by FRBaaks with Treasury, copies of all letters and memoranda to be sent to Board S-/+00 372

Fiscal agency records, destruction of R-853 1

Forms:

Bank debits, suggested forms, copy sent to FRBnnks B-1266 414

Condition reports:

State member banks and their affiliates:

For next call R-886 99

For next call S-403 384

Destruction of fiscal agency records, report to Treasury Archivist R-853 4

Statement of Borrower, amendment to Regulation W, copies of tentative draft sent to FRBanks R-904 151


55

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Eorms: (Cont inueti)

B-1263a, B-1263b, and B-1263c, budgets for 1942, re-quested from ERBanks and branches B-1263 408

E, functional expense report, supply forwarded to ERBanks B-1265 413

F. R. 34, supply to be sent to ERBanks B-1265 413

R. 38, classification of discounted and purchased. bills, supply sent to ERBanks E-1265 413

E. R. 95, current earnings of ERBanks, supply sent to ERBanks B-1265 413

F. R. 96, current expenses of ERBanks, supply sent to ERBanks B-1265 413

F. R. 96a, reimbursable expenses of ERBanks, supply sent to $RBanks B-1265 413

F. R. 10?b, copies sent to ERBanks R-922 201

F. R. 158:

Exemption from tax on transportation of ERBank officers and employees traveling on official business R-918 196

Transportation tax, directors, officers, and. employees of ERBanks exempt from when on official business S-411 397

F. R. 160, receipts and payments of paper currency— monthly report, supply sent to ERBanks B-1265 413

F. R. 437, sent to ERBanks for obtaining condition reports of holding company affiliates R-930 213

F. R. 456, revised form sent to FRBanks for tabulating operating ratios of member banks R-892 114

F. R. 563, registration statement for Regulation W R-915 180

F. R. 564, Statement of Borrower, specimen fori.: sent to FRBanks R-932 217

F. R. 565, Statement of Necessity, specimen form sent to FRBanks R-931 214


78

78

233

83

67

241

259

365

5

255

213

46

55

-15-

Forms: (Continued)

OEM-305, information re defense housing R-879

OEM-306, application for designation of remodeling or rehabilitation as defense housing, copies sent to FRBanks R-879

Fuels, solid, used by United States Government, correspon-dence with Mr. Iekes on R-939

Functional expense reports of FRBanks:

Exhibit for first half of 1941 R-882

Instalment Credit, expenses incurred in carrying out, to be reported by ERBanks R-873

Manual of instructions governing preparation of, re-vised pages for R-942

Furniture, type used in households subject to Regulation W, regardless of other use S-282

General Motors Acceptance Corporation:

Contracts covering purchase of automobiles under provi-sions of Regulation W, letter to Mr. Stradella 8-394

Government agencies:

Employment of members of staffs of FRBanks without taking up with FRBanks first R-854

Identification, of representatives of, letter re from War Department . 8-279

Holding company affiliates:

Condition reports for those with general voting permits, forms sent to FRBanks for distribution to R-930

Holidays: '

Board of Governors:

Labor Day, offices to be closed on September 1 R-867


55

—16—

Holidays: (Continued)

Board of Governors: (Continued)

Thanksgiving, advice held in abeyance until proc-lamation is issued by President R-911 175

Christmas Day, offices to be closed R-920 199

New Year's Day, offices to be closed R-934 222

FRBanks and branches, list of dates to be observed by:

August R-858 23

September R-86? 4-6

Columbus Day, list of FRBanks and branches that will be open for business R-883 84

November R-911 175

Armistice Day R-911 175

Thanksgiving, action awaiting proclamation of President and action of State authorities R-911 175

Christmas Day .. " R-920 199

January R-934 222

New Year's Day R-934 222

Home modernization loan under Regulation W, financing permitted because of pre-September commitment S-280 257

Home Owners' Loan Corporation, applicability of Regulation W to S-402 374

Iekes, Harold L., correspondence on solid fuels used by United States Government R-939 233

Identification of representatives of Government agencies in calling for information from public-utilities and other companies 8-279 255


55

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Industrial concerns, confidential information furnished by Defense Contract Officers to War and Navy Departments, etc. R-910 172

Inflation:

Fight against, statement of Secretary of Treasury and Chairman of Board R-891 113

Reserve requirements for member banks, increased to statutory limit to combat R-890 111

Instalment buying, radio program participated in by Chester Davis and Rolf Nugent, copies of script sent to ERBanks R-881 82

Insurance:

Committee on, plan for discontinuance of insurance against losses and absorption of losses by ERBanks, copies sent to ERBanks R-878 77

Interpretations:

FRAct, section 23A, affiliate relationship through acquisition of stock as protection against loans, within exemptive provision S-385 354

Regulation 0:

Indebtedness of executive officers, existing at time of admission to system, to be re-ported to board of directors S-4.13 399

Officer of member bank, serving as director and member of discount committee, not auth-orized to participate in operating man-agement, to be considered as executive officer under $-353 327

Revised Statutes:

Section 5136, stock of member bank, to be included at par value less impairment, as basis for calculating 10 per cent limitation S-388 358


55

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Page

Interpretations: (Continued)

Securities Exchange Act of 1934. section 8(a), ordinary borrowings from nonmember bank which has not filed specified agreement, member bank acting as agent, not authorized by 8-278 251

Inventories of department stores, press statement on re-sults of survey R-935 223

Leased wire system:

Expenses for:

June R-360 28

July R-870 52

August R-88? 100

September R-906 155

October R-916 191

November R-936 226

Legislation:

Price control bill, statement of Mr. Eccles before House Banking and Currency Committee R-895 128

State or administrative action helpful to national defense effort, advice as to need for requested by Attorney General R-905 152

Loans

Defense, figures and commitments of member banks as of April 30, 1941 R-855 7

Executive officers:

Indebtedness existing at time of admission to System, should be reported to board of directors S-4JL3 399

Ruling requested on officer serving as director and member of discount committee and effect of adoption of resolution by directors R-856 8


55

-19-

Manuals:

Functional expense reports, manual governing prepara-tion of, revised pages for R-942 241

Member banks:

Annual report, data requested from ERBanks B-1264 412

Defense loans, figures and commitments as of April 30, 1941 R-855 7

Operating ratios, revised form F. R. 456 sent to FRBanks for tabulating and returning to Board R-892 114

Reserves, summary for week ended June 25, 1941 R-869 51

Membership in FRSystem:

State Banks admitted during:

1940 and first six months of 1941 R-857 12

1940 and first seven months of 1941 R-8?l 54

1940 and first eight months of 1941 R-893 116

1940 and first nine months of 1941 S-390 361

Mimeographed letters, survey of extra copies sent to FRBanks with view to curtailment R-923 202

Navy Department:

Ship repair and building yards, financial condition and reputation of, confidential information re to be made available to Naval officials S-276 246

Nelson, Donald M,, correspondence with Mr. Draper on Defense Contract Officers at FRBanks supplying con-fidential information on industrial concerns B-910 172

Nonmember banks:

Agreements with Board under Securities Exchange Act of 1934:



55

-20-

Nonmember banks: (Continued)

Agreements with Board under Securities Exchange Act of 1934: (Continued)


R-900 144

R-924 203 Par list, number on and not on list, data requested

for annual report B-1264 412

Office of Production Management:


Removal of offices from ERBank buildings, letter re R-898 140

Vouchers, payment by IBBanks when submitted R-933 221

Transfer of employees of JRBanks to payroll of, procedure for R-929 210

Operating ratios of member banks, revised form F. R. 456 sent to FRBanks for tabulating and return-ing to Board R-892 114

, Paper:

Shortage of, survey to be made by FRBanks of extra copies of Board's publications needed R-923 202

Par List:

Revision, comments of FRBaitks requested B-1268 419

Pay roll deduction plan, IBBanks, for purchase of Defense Savings securities, quarterly report re-quested S-372 339

Postal money orders:

Handling of, report of committee of Presidents' Conference R-884 85

• Report and recommendations of Committee on Handling,

approved S-392 363


55

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Page

Press statClients:

*" Business and financial conditions, summary for:

June and first half of July R-859 24

' July and first half of August R-868 47

August and first half of September R-885 95

^ September and first half of October R-907 157

October and first half of November R-917 193

November and first half of December R-93& 230

Chairmen, deputy chairmen and Class C directors, appointment of R-941 238

». Department store inventories, survey by Board and FRBanks of stocks and sales R-935 223


*" FRBank officers to advise with field officers of R-902 146

Salaries and expenses, statement by Board R-903 148

* Financial and. banking mechanism of country, state-ment of Board re R-927 208

Inflation, fight against, statement of Secretary of „ Treasury and Chairman of Board R-891 113

Instalment credit regulation, statement of Chairman Eccles R-875 70

Price Control Bill, statement of Mr. Eccles before Banking and Currency Committee of House R-805 128

Regulation of consumer credit:

Adoption of Regulation W 72 65

I Amendments to Regulation W R-912 176

f" Cravens, Kenton R., Vice President of Cleveland 1 Trust Company, engaged to assist in

preparation of R-864 38


55

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Press statements: (Continued)

Regulation of consumer credit: (Continued)

Meeting with respresentatives of FRBanks on R-865 39

Meeting of Board with representatives of banking and credit groups, and Government Agencies, R-866 41 purposes of stated

President's Executive Order re, statement of Chairman Eecles R-863 34

Wesley, Irvin, Vice President of Lincoln Loan Corporation, Indianapolis, Indiana, en-gaged by Board to assist in development of R-876 75

Reserve requirements for member banks, increased to statutory limit R-890 111

Small business, FRBanks to furnish advice and assist-ance to R-902 146

Price control bill, statement of Chairman Eccles before House Banking and Currency Committee R-895 128

Public relations work of FRBanks in connection with Regulation W S-389 359

Publications, Board of Governors:

Federal Reserve Chart Book, copies sent to FRBanks R-914 179

Survey to be made by FRBanks of extra copies needed, because of paper shortage R-923 202

Radio programs:

Instalment buying, with Chester C. Davis, and Rolf Nugent participating, copies of script sent to FRBanks R-881 82

Ratios:

Percentage ratio of demand deposits, .including and ex-cluding interbank deposits on June 30, 1941 to June 30, 1938, requested for each member bank R-880 79


55

-23-

Registration certificate, proposed form of R-915

Registration statements under Regulation W:

Form 563 approved. R-915

Tabulation of data in R-923

Tentative draft of R-896

Regulations, Board of Governors:

Consumer credit:

Cravens, Kenton R., Vice President of Cleveland Trust Company, engaged to assist in preparation of R-864

Meeting of Board with representatives of FRBanks re, list of representatives attending R-865

Meeting of Board with representatives of banking and credit groups, and Government Agencies, purposes of stated R-866

Wesley, Irvin, Vice President of Lincoln Loan Corporation, Indianapolis, Indiana, en-gaged to assist in development of

Page

186

180

209

134

R-876

38

39

41

75

(See also infra Regulation W)

Instalment credit:

Expenses incurred in carrying out, to be reported by FRBanks R-873 6?

0:

Statement of Chairman Eccles R-875 70

Executive officer, question of classification of officer of member bank who is also director and member of discount committee of bank R-856 8

Interpretations, indebtedness of executive officers existing at time of admission to System to be reported to board of directors S-413 399


55

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Regulations, Board of Governors: (Continued)

0: (Continued)

Officer uf ueraber b.:nk oervinj as director and member of discount committee not auth-orized to participate in operating man-agement , to be considered as executive officer under 8-353 32?

Q:

Deposits, time or savings, withdrawal before maturity for purchase of U. S. Defense Bonds, not permitted S-408 392

W, Ccnoumer Credit:

Agricultural loans, section 6(k), letter to and answer from Administrator of Farm Secur-ity Administration R-925 204

Amendment No. 2, tentative draft sent to ERBanks R-904 151

Amendments to, press statement on R-912 1?6

Branch banks, revised list of addresses, copies sent to ERBanks* R-889 109

Communications received by ERBanks, to be answered by ERBanks if possible R-921 200

Consolidated obligations, section 8(b), letter regarding 8-414 400

Defense housing, exempt from R-879 78

Federal Home Loan Banks, letters of Chairmen Fahey and Eccles re applicability of Regulation W to 8-402 374

FRSysteia Conference on, topics of discussion R-919 197

Federal Savings and Loan Associations, letters of Chairmen Fahey and Eccles re applicabil-ity of Regulation V» to 8-402 374


55

-25-


W, Consumer Credit: (Continued)

Federal Savings and Loan Insurance Corporation, letters of Chairmen Fahey and Eccles re applicability of Regulations W to 8-402 374

General Motors Acceptance Corporation, letter on contracts covering purchase of automobiles under provisions of section 3(a)(2)(B) 8-394 365

Home Owners Loan Corporation, letters of Chairmen Fahey and Eccles re applicability of Reg-ulation W to S-402 374

Instalment contracts, letters re for use as to legality of forms R-894 124

Interest, addition to semiannual payments not in conflict with section 5(c)(2) 8-415 402

Interpretations:

Agreement for renewals, not prohibited if re-newal is to be made without reduction, (W-39) 8-313 295

Amendment No. 2, list of interpretations af-fected, (W-108) S-391 357

Applicability to vendors and lenders equalized, (if-109) 8-393 364

Automobiles:

"Bona fide cash purchase price", "pack", or any kind of padding not to be used in de-termining, (W-55) 8-329 312

Classification includes station wagons, (W-lll) 8-396 368

Credit value of new, item 4 under part 3(a) of Supplement, explanation of, (W-88) 8 -364 333


55

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Automobiles: (Continued)

Page

Equipped with radio and heater, deferred balance limited to 66-2/3 per cent of total price, (W-116) S-405 387

Loase contract covering, special type, ruling re, (W-80) 8-356 328

New, sold at discount, maximum credit value limited to 66-2/3 per cent of "bona fide cash purchase price", (W-76) S-350 323

Or other listed articles, transfer or equity by original purchaser to another purchaser, rulingon, (W-72) 8-346 322

Sale by company to its salesmen only, sub-ject to requirements of, (W-6l) S-335 318

Sale of demonstrator by salesman and pur-chase of resulting obligation by dealer-employer, (W-57) 8-331 314

Section 4(c), statement re instalment pay-ments, (W-56) S-330 313

Trade-in of old as down-payment for new, debt on old car, extension of credit prohibited, (W-77) 8-351 324

Trailers and motor vehicles designed for ambulances or hearses, not included in any classification of listed ar-ticles, (W-23) 8-303 283

Used cars, with unpaid instalment con-tract, equity in after contract paid off, may bo used as down-payment on new car, (W-63) 8-337 320


55

-27-

Page




Bank loans:

Evidenced by promissoiy note repayable in full at maturity, not subject to Reg-ulation W, (w-107) S-387 357

Secured by instalment contracts on listed articles, investigation of underlying collateral, statement re, (W-34) S-313 294

"Bona fide cash purchase price", section 6(b), definition of, (W-79) S-355 328

"Bona fide cash purchase price", section 5(a) (1), and section 5(c)(1), definition of, (W-96) S-374. 341

Building of new farm structure where there is existing structure, materials and services not in Group E-l, (W-117) S-407 391

Butane, propane, or similar automatic gas systems, included in Group E of Supplement, (W-87) S -363 333

Collateral trust notes, purchase of, one underlying instalment obligation failing to comply with, not viola-tion of, (W-5) S-234 261

Commitments made prior to September 1 to ex-tend credit after September 1, status under section 9(d), general principles applicable to, (W-12) S-291 269

Consolidated obligations, under Option 1, (W-115) S-404 386

Cooking stoves and ranges:

Oven or broiler considered heating surface if it has separate source of heat, (W-4) S-283 260


55

-28-




Cooking stoves and ranges: (Continued)

With less than seven heating surfaces:

Credit:

Ease

Articles not included in classifica-tion, (W-90) S-366 334-

Warmer drawer in electric ranges not in classification of, (W-73) S-347 323

Granted to a farmer before December 1, may be revised if section 9(f) in effect when credit was orig-inally granted (W-114) S-401 373

Under section 6(j), obligor subsequently receives instalment sale credit on listed article not required to make down payment on original pur-chase, (W-69) 8-343 321

Deficiencies in payments, correspondence with Electric Home and Farm Authority on maximum credit value re minor (W-99) 8-376 342

Discounting obligation, under section 3(a)(2) (B), bank not obliged to ascertain whether original lender is licensed Registrant, (W-58) 8-332 315

Down-payment in excess of amount required, may not be applied as down-payment on purchase of second listed article, IW-60) S -334 317

Down-payment requirement, question of ignoring when the amount would be $2 or less, (W-113) 8-398 370


55

-29-

Page




Down-payment, 60 day credit, changed to instal-ment basis, no down-payment required if sale made under bona fide agreement, maximum maturity is 18 months, (W-102) S-379 346

Effective September 1, holiday does not alter, (W-ll) s-290 268

Extension of credit:

Applicability of section 6(a) to credit made by builder of home and secured by first lien on real estate, (W-48) S-322 304

Note not secured by listed article, subject to down-payment, under section 2(d), (W,l6) S-295 274

Purchase price of Group D articles more than 50 per cent of over-all deferred balance, exemption in 6(b) not appli-cable to, (W-97) S-375 341

Renewal of 6(f) credit limited only to 18 months maturity, statement of neces-sity required if renewal made on or after November 1, altering terms under 6(f), (W-49) S-323 305

Repayable in one payment, extension of in-stalment credit, if partial payment is made at maturity and balance renewed, (W-47) S-321 303

Section 8(e) refers to section 8(c), some principles apply as in case of renewal or revision by original obligee, (W-54) S-328 211

"Secured by a bona fide first lien on im-proved real estate duly recorded" is ex-empted by section 6(a) even though credit is used to purchase listed article,(W-27) S-308 288


55

—30-




Extension of credit: (Continued)

Statement of transactions re, applicability of sections 4(f) and 5(c)(1) to, (W-84) S-36O 330

"First lien":

First mortgage under Section 6(a) con-sidered as, even though prior lien for current taxes exists, (W-25) S-305 285

Second mortgage securing additional loan not regarded as, under section 6(a), (W-30) S-311 291

Section 6(a), definition of, (W-26) S-306 286

Furnace, purchase of new in emergency, down payment required, (W-33) S-313 294

Furniture, type for use in households, sub-ject to, (1-3) S-282 259

Garage, new on improved real estate but sep-arate structure, not included in Group E, (W-91) S-367 335

Heating stoves and space heaters designed for household use:

Definitions of, (W-40) S-314 296

Gas heating units suspended from ceiling, not included in, (W-85) S -36I 332

Types included in classification, (W-41) S-315 297

Home air-conditioning system, articles included in classification, (W-103) S-381 346

Home improvement, as single job, may not be di-vided as to financing, (W-94) S-371 338


55

-31-

Page




Home modernization loan, pre September commit-ment, financing permitted even though loan is made after Sept. 1, (W-l) S-280 257

Household electric organs, list of articles included in classification and those not included, (W-18) 8-298 277

Household furnaces and heating units for fur-naces, list of articles included in classification, (W-51) S-325 308

Household furniture:

List of articles included in classifica* tion and pictures and clothes hampers not included, (W-13) S-292 271

List of articles not included in classifi-cation, (W-17) S-297 276

New, prefabricated fireplace for decora-tive purposes only, included in classi-fication, (W-82) 8-358 329

Ice refrigerators, articles included in classi-fication, (W-78) S-354 328

Instalment loan:

For purchasing listed article, amount of not limited unless extension of in-stalment credit made, (W-24) S-304 284

Under $1,000 by bank, registrant need not take statement as to proposed use of proceeds, (W-35) S-313 295

Instalment payments, down payments made at times of different purchases, 18-month maturities to date from times of dif-ferent purchases, (W-38) S-313 295


55

-32-




Instalment sale credit, extensions of in cases of delay in delivery of articles or in completion of job, if bona fide delay date of delivery or completion to be used as base for, (W-43) S-317 299

Instalment sale contract, rescission of, ex-planation of, (W-101) 8-378 345

Insurance premiums, notes payable to insurance agents not subject to, as insurance is not listed article, (W-119) 8-412 398

Ironers designed for household use, hand irons not included in classification, (W-44) 8-318 300

Lamps designed for household use, included in household furniture classification, (W-9) 8-288 266

Lay-away plans, use of demonstrator by prospec-tive purchaser, difference when there is contract of sale coupled with side agreement, (W-112) 8-397 369

License plates, taxes and fees in obtaining, may be included in purchase price of automobile or motorcycle, (W-75) 8-349 323

Listed and unlisted article, sale of at same time, applicability of section 4(g). (W-105) 8-383 352

Listed article "on trial or approval", date of sale to be day on which purchaser in-forms vendor of his decision to pur-chase article, (W-64) ' 8-338 320

Listed articles, articles not included in any classification of, (W-H) 8-293 272

Loans as down payments, not prohibited by sec-tion 8(f), (W^36) 8-313 295


55

-33-




Loans secured by listed articles owned more than 45 days, to pay full cash price of new listed article, approved, (W-37) S-313 295

Mail orders postmarked prior to September 1 to be exempted under section 9(d), (W-8) S-23? 265

Mechanical refrigerators:

Articles not included in classification, (W-20) 8-300 280

Cabinets designed for storage of products for sale not included in classifica-tion, (W-42) 8-316 298

Does not include refrigerated locker plant systems installed in room, (W-110) 8-395 36?

Electrical portable unit for ice water not included in classification, (W-6?) 8-341 321

Includes frozen food cabinets, but not milk coolers, (W-6) 8-285 263

Types included in classification and those not included, (W-22) 8-302 282

Types included in classification, (W-86) 8-362 332

Modernization of building, written commitment for loan made on September 2, work completed on October 10, base for cal-culating 18-months maximum maturity to be October 10, (W-2) 8-281 258

Musical instruments:

Composed principally of metals, list of arti-cles not included in classification, (W-46) 8-320 302


55

-34-




Musical instruments: (Continued)

Sum for music lessons not regarded as cost of services rendered in connection with sale of, (W-68) S-342 321

Note secured by second mortgage on house, given as part of purchase price of house, not subject to, (W-92) S-369 335

Note, 24-month, purchase or discount of, if note signed after September 1, per-mitted by Section 3(a)(2)(B), (W-83) 8-359 329

Plumbing and sanitary fixtures designed for household use:

Certain water softeners included in classification, (W-104) S-382 346

Does not include piping not a part of such fixtures, (W-120) , S-416 405

Water meters not included in classifica-tion, (W-59) 8-333 316

Pressure cookers, not included in any classi-fication of listed articles, (W-66) 8-340 320

"Principal amount", section 5(b), defined as principal amount lent to obligor, ex-cluding interest, etc., (W-45) S-319 301

Public relations work of ERBanks, visits to editors of labor and farm papers and leaders urged, opinions to be gained by 8-389 359

Radios:

As composite part of furniture, classifi-cation depends upon relative value of component parts, (W-50) 8-324 307


55

-35-




^ Radios: (Continued)

Receiving sets, phonographs, or combina-tions, coin-operated phonographs not included in classification, (W-81) S-357 328

Sale of new, receipt in trade of used radio on which customer owes unpaid balance, ruling on, (Vf-71) S-345 321

Refrigerators, not "seasonal goods" under sec-tion 4(d) or 5(c)(3), (W-74) S-348 323

Registrant taking over an extension of instal-ment credit that has been made by a vend ox1 and that has no connection with the sale of a listed article, question whether must be bound by the terms granted by that vendor, (W-118) S-409 393

Renewal of credit, 3 months under section 6(f), registrant not required to obtain down payment or increase amount received through previous payments, (W-65) 8-339 320

Renewals, revisions, and consolidations during period until November 1, general prin-ciples applicable to, (W-19) 8-299 278

Renewals or revisions, on or after November 1, of credits originally extended before September 1, controlling principle re, (W-28) S-309 289

Rental contract of listed article, option to purchase article included in, subject to, (W-52) ' 8-326 309

Repayment plan, 18 months' maximum maturity and equal monthly payments, special arrange-ments re, (W-95) 8-373 340


55

-36-

Page




Replacement or repair parts for listed articles, not on list merely because of listing of complete article, (W-62) S-336 319

Room-unit air conditioners, articles included in classification, (W-93) 8-370 338

Sale of listed article for payment in five equal instalments spaced at three month intervals, not permitted under section 4(d), (W-15) S-294 273

Seasonal goods, listed articles, determined by use rather than sales during year, re-frigerators not classed as, (W-106) S-386 356

Section 8(f), words "any other extension of cred-it" include but not confined to other extensions of instalment credit, (Vi-32) 8-313 2 %

Section 9(b), permits first instalment to fall due 45 days after date of contract, (W~70) S-344 321

Single transaction, divided into two parts un-der National Housing Act, considered one unit, exempt under Section 6(b), (W-98) S-375 341

Statement of necessity, "written statement" of section 8(c), not classified as, under section 8(d), (W-53) S-327 310

Statement of transaction:

Received by purchaser from finance company two weeks after discounting of obliga-tion, procedure does not comply with section 4(f), (W-100) S-377 345

Under section 4(f). copy not required for purchaser or pledgee, (W-29) S-310 290


55

-37-

Eegulations, Board of Governors: (Continued)



Stokers, classification of coal, letters re, S-380 347

Tumbler clothes driers, not included in classi-fications of listed articles, (W-7) 8-286 264

Vacuum cleaner, required down payment necessary before sale, whether paid for in cou-pons or otherwise, (W-10) S-289 267

Violations:

Knowing participation in violation may sub-ject offender to criminal penalties, (W-31) ' S-313 294

Procedure to be followed in cases of appar-ent S-36S 336

Water heaters designed for household use, all water heaters with storage tank capa-city of 85 gallons or less included in classification, (W-89) S-365 334.

Water pumps designed for household use:

Includes windmills designed for pumping water to a tank, even though windmill is purchased separately from pump, (W-121) S-417 405

Types included in classification, (W-21) S-301 281

Wiring installations, special, electric ranges or water heaters, letter re applica-bility of 18-month limitation S-410 395

Press statement on adoption of R-872 65

Radio program re, participation in by Mr. Chester C. Davis, President of FRBank of St. Louis, and Mr. Rolf Nugent, Consultant to OEM, copies of script sent to FRBanks R-881 82


55 -38—

Page Regulations, Board of Governors: (Continued)


Registration statement and certificate, forms sent to FRBanks R-915 180

Registration statement, tabulation of data in, cop-ies of memorandum and committee report sent to ERBanks R-928 209

Registration statement, tentative draft of, copies sont to FRBanks R-896 134

Schedule of payments, proposed, letter re applica-bility of Section 5(c)(2) S-415 402

Statement of Borrower, F. R. $64, specimen form sent to FRBanks R-932 217

Statement of Necessity, F. R. 565, specimen form sent to FRBanks R-931 214

Reports:

Defense loans, figures and commitments of member banks as of April 30, 1941 R-855 7

Defense savings bohti program:

Summary of monthly reports of FRBank liaison offi-cers R-888 102

Summary of activities of FRBanks for September R-909 164

FRBanks, pay roll deduction plan for purchase of Defense Savings securities, quarterly report re-quested S-372 339

Federal Reserve Defense Contract officers, to be sub-mitted on quarterly basis instead of monthly S-384 353

H. R. 709 and report form, destruction of certain Fiscal Agency records, copy sent to FRBanks R-853 1

Insurance, recommendations by Committee of plan for dis-continuance of insurance against losses and absorption of losses by FRBanks R-878 77


55

-39-

Reports: (Continued)

Postal money orders, report of committer of Presidents' Conference on handling of R-884 85

Public relations activities of FRBanks:

Continuance of, views on value of requested of FRBanks R-901 145


June R-857 12

July R-871 54

August R-893 116

To be discontinued S-390 361

Reserves:

Member banks, summary for week ended June 25, 1941 R -869 51

Requirements for member banks, increased to statutory limit R.-890 111

Resolutions:

Assessment on FRBanks to cover expenses cf Board for first six months of 1942 R-937 228

Directors of member bank, officer not authorized to participate in operating management, ef-fect on classification as executive officer R-856 8

Retirement system of FRBanks, resolution re status of employees leaving service to be employed by Government agency or department, copy sent to FRBanks S-274 242

Retirement system:

Reemployment of persons retired after reaching age 65, to be only during periods of emergency and for short periods 8-275 244


55

-40-

Retirement system: (Continued)

Page

Resolution re status of employees leaving service of Bank to be employed by Government agency or department, copy sent to ERBanks S-274 242

Revised' Statutes:

Section 5136, stock of member bank, to be included at par value less impairment, as basis for calculating 10 per cent limitation 8-388 358

Rulings, Treasury Department:

U. S. Savings Bonds, Common Trust Funds, investment in, copy sent to FRBanks S-406 388

Salaries:

Branch banks, ERSystem:

Officers, data re requested S-312 292

FRBanks:

Officers, data re requested S-312 292

Officers and employees, summary statement showing R-940 236

Supplemental compensation authorized B-1261 406

Savings Bonds:

Common Trust Funds, investment in, ruling by Treasury Department, copy sent to FRBanks S-406 388

Secretary of Treasury:

Inflation, steps for combating, joint statement for press issued with Chairman of Board R-891 113

Securities Exchange Act of 1934:

Agreements of nonmember banks with Board:




•jm

144

203

251

246

146

38

75

325

99

384

12

54

116

361

55

-41—

Securities Exchange Act of 1934: (Continued)

Agreements of nomneinber banks with Board: (Continued)

Changes in list R-900

Changes in list R-924

Section 8(a), ordinary borrowings from nonmember bank which has not filed specified agreement, member bank acting as agent, not author-ized by 8-278

Ship repair and ship building yards, confidential informa-tion on financial condition and management to be furnished Naval officials 8-276

Small business:

FRBanks to furnish advice and assistance to R-902

Staff of Board of Governors:

Cravens, Kenton R., engaged to assist in preparation of consumer credit regulation R-864

Wesley, Irvin, engaged to assist in development of reg-ulations on consumer credit R-876

State member banks:

Capital structure under standard conditions of member-ship, annual review to be discontinued S-352

Condition reports:

Forms for banks and their affiliates R-886

Forms for banks and their affiliates S -403

Deposits:

During 1940 and first half of 1941 R-857

During 1940 and first seven months of 1941 R-871

During 1940 and first eight months of 1941 R-893

During 1940 and first nine months of 1941 8-390


55

-42-

State member banks: (Continued)

Earnings and dividends of, form F. R. 107b forwarded to FRBanks R-922 201

Statement of Borrower, copies of tentative draft sent to FRBanks R-904 1$1

Stock, capital:

Member banks, should be included at par value less im-pairment as basis for calculating 10 per cent limitation S-388 358

State member banks, capital structure under standard conditions of membership, annual review to be discontinued S-352 325

Stoker Manufacturers Association, correspondence on classi-fication of coal stokers under Regulation W S-38O 347

Supplemental compensat i on:

FRBanks:

Fiscal agency employees, procedure for payment B-126? 418

Staff, payment authorized B-1261 406

Surveys:

Solid fuels used by U. S. Government, letter from Honor-able Harold L. Ickes re and Board's reply R-939 233

Taxes:

Transportation of persons:

Directors, officers, and employees of FRBanks ex-empt when on official business S-411 397

-Form of tax exemption certificate R-918 196

Trust Funds, Common:

U. S. Savings Bonds, investment in, ruling by Treasury Department, copy sent to FRBanks S-406 388

Violations:

Regulation %, procedure to be followed by FRBanks S-368 336


55

-43-

War Department":

Representatives of Government agencies, identification of, letter to Board from 8-279 255

Wesley, Irvin, Vice President of Lincoln Loan Corporation Indianapolis, Indiana, engaged by Board to assist in development of regulation for con-sumer credit R-876 75


frsbog_mim_v55_index.pdf

Documents

frbanks r

list r

erbanks r

christmas day r

labor day r

revised list of r

currency committee r

continued armistice